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Walworth County committee questions TID plan tied to Newman Development, asks for more information
Summary
Committee members reviewed a proposed tax-incremental financing (TID) plan tied to Newman Development, raised concerns about developer returns and county exposure, and asked staff to invite a city representative and share the consultant review at the next meeting.
Walworth County Finance Committee members discussed a proposed tax‑incremental financing (TID) project tied to a Newman Development residential subdivision and asked staff to gather more information before the county casts its vote on related approvals.
A county staff presenter told the committee that the Village of East Troy's Joint Review Board recently approved a new TID and that the City of Elkhorn (materials initially referenced as “Alcorn”) has submitted a project plan that appears to include the language the county usually requests. The presenter said the Elkhorn plan lists 422 properties…
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